Workers Credit Union Has Eyes on Growth
Its new Leominster branch sees the credit union return to the city after previously having a branch presence from 1994 to 2024.
Its new Leominster branch sees the credit union return to the city after previously having a branch presence from 1994 to 2024.
Everett Co-operative Bank has announced plans to open a new branch in Medford, according to an SEC filing.
Webster Five has opened a new branch at 400 Southbridge St. in Auburn, and Bay State Bank has a new branch in Shrewsbury’s White City Plaza, on the Boston Turnpike.
Rockland Trust has opened a new branch in Marlborough as the bank continues to expand its footprint in the Worcester and MetroWest areas.
From previously targeting to open 90 branches, JPMorgan Chase has set a new expansion goal of 110 branches in Massachusetts by 2027 bank executives express optimism about branch-based growth in the state.
After announcing a $20 billion “community investment plan” in five metro areas, including Boston, TD Bank said it will open a branch in Nubian Square in Roxbury in the fall as a part of an effort to serve low- and moderate-income individuals and families, and minority communities.
The $6.2 billion-asset Middlesex Savings Bank is opening a new branch in Worcester, its first location in Central Massachusetts.
Brookline Bank is planning to open two branches – one in Braintree and another in an unspecified location north of Boston – as the bank looks to expand in new markets.
It was a relatively quiet month for bank branch activity in December, as JPMorgan Chase established one local branch while Bank of America closed an ATM location, according to the latest data from the OCC.
BankFive is planning to open two full-service branches on Cape Cod and in Rhode Island next year after it saw the success its loan offices had in the area.
After opening a loan office in downtown Springfield in October, Connecticut-based Liberty Bank officially opened its first bank branch in Massachusetts following successful expansion of its business lending in the Pioneer Valley this year.
The Village Bank, headquartered in Newton, has opened its ninth branch in Waltham after years of serving the residents and businesses there from branches outside of town.
Boston Private has opened a new office in downtown Miami as part of its strategy for growing assets under management to $50 billion in the wealth management division by 2022.
Hanscom Federal Credit Union opened a new branch in South Bay Center in Dorchester in September, an area undergoing an extensive expansion.
East Boston Savings Bank plans to open new branches in Cambridge and Brighton in 2019, bringing the bank up to 40 branches, as it continues to use de novo branches to drive growth.
Holyoke Credit Union recently announced the opening of its new branch in Feeding Hills Center.
Jeanne D’Arc Credit Union in Lowell became the first Massachusetts credit union to take advantage of new interstate branching rules when it opened its newest branch in Nashua, New Hampshire last week.